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Multi Family buy in Manhattan New York
Presenting a remarkable income-producing building situated in the heart of East Harlem, this spacious townhouse boasts a generous width of 20 feet and a depth of 63 feet. With its ten-foot ceilings, exposed brick accents, charming garden, and updated mechanicals, this property offers a perfect blend of modern comforts and timeless appeal. 112 E 123rd Street showcases four entirely free-market units, providing flexibility and potential for lucrative returns. Additionally, an accessible rooftop adds further value to this exceptional property. Its prime location in close proximity to Harlem's renowned restaurants and efficient transportation options ensures convenience and accessibility for both residents and tenants. An impressive CAP rate of 5.3% makes this investment opportunity even more enticing, promising attractive financial returns. Furthermore, the property benefits from a low property tax of just $4,348, enhancing its profitability potential. With the added advantage of being delivered vacant, this property presents endless possibilities for customization and personalization. Don't miss out on this outstanding chance to secure a sound investment in East Harlem.
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